Serbia puts Jat up for sale

Serbian government yesterday announced a tender for 51% of Jat Airways, the Associated Press reported. Buyers must be registered in Serbia or the EU and have until July 31 to submit a bid for the stake, which may rise to 75% following negotiations with the winner. Jat's assets are valued at €162.6 million ($255.7 million) and its debt is €247.4 million, according to the tender (ATWOnline, July 21).